New entries to DJIA
For the first time in more than two years, changes have been made to composition of the Dow Jones Industrial Average. At the beginning of November, The Home Depot, Intel, Microsoft and SBC Communications were added to the 30-stock benchmark while Chevron, Goodyear Tire & Rubber, Sears Roebuck and Union Carbide were dropped, Dow Jones said.
Component stocks in the DJIA are selected by the editors of The Wall Street Journal. The managing editor said the latest changes made the benchmark “even more representative of the evolving US economy”.
Two of the additions – Intel and Microsoft – trade on the Nasdaq stock market. This is the first time any DJIA components have not been listed on the New York Stock Exchange. Each of the four stocks which were dropped had been components of the DJIA for at least 69 years.